8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): September 13, 2006

INTERNATIONAL COAL GROUP, INC

(Exact Name of Registrant as Specified in Charter)

Delaware	001-32679	20-2641185
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

300 Corporate Centre Drive Scott Depot, West Virginia	25560
(Address of Principal Executive Offices)	(Zip Code)

Registrants’ telephone number, including area code: (304) 760-2400

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

q Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

q Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

q Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

q Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On September 13, 2006, Bennett K. Hatfield, Chief Executive Officer and President of the Company, will speak at the Davenport & Company Metals & Mining Symposium in New York City. Mr. Hatfield’s address is scheduled for 8:15 a.m. Eastern Time. By press release dated September 5, 2006, the public was invited to listen to the address by live webcast that can be accessed through the Company’s website at www.intlcoal.com. A related written presentation will be posted in the “Investors” area of the Company’s website. A copy of such presentation is furnished as Exhibit 99.1 hereto and is incorporated by reference into this Item 7.01.

The foregoing information (including the exhibit hereto) is being furnished under “Item 7.01 Regulation FD Disclosure.” Such information (including the exhibit hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1 Written presentation for the Davenport & Company Metals & Mining Symposium dated September 13, 2006

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

INTERNATIONAL COAL GROUP, INC.
By:	/s/ Bennett K. Hatfield
Name:	Bennett K. Hatfield
Title:	Chief Executive Officer and President

Date: September 13, 2006

Exhibit Index

Exhibit Number	Document
99.1	Written presentation for the Davenport & Company Metals & Mining Symposium dated September 13, 2006.

EX-99.1

Davenport & Company

Metals & Mining Symposium

September 13, 2006

Exhibit 99.1

1

Forward-Looking Statements

Statements that are not historical fact are forward-looking statements and may involve a number of risks and

uncertainties.

We

have

used

the

words

“believe,”

“could,”

“estimate,”

“expect,”

“intend,”

“may,”

“plan,”

“predict,”

“project”

and similar terms and phrases, including references to assumptions, in this presentation to identify forward-

looking statements. These forward-looking statements are made based on expectations and beliefs concerning future

events

affecting

us

and

are

subject

to

uncertainties

and

factors

relating

to

our

operations

and

business

environment,

all

of which are difficult to predict and many of which are beyond our control, that could cause our actual results to differ

materially from those matters expressed in or implied by these forward-looking statements. The following factors are

among

those

that

may

cause

actual

results

to

differ

materially

from

our

forward-looking

statements:

market

demand

for

coal, electricity and steel; availability of qualified workers; future economic or capital market conditions; weather

conditions or catastrophic weather-related damage; our production capabilities; the ongoing integration of Anker and

CoalQuest into our business; the consummation of financing, acquisition or disposition transactions and the effect thereof

on our business; our plans and objectives for future operations and expansion or consolidation; our relationships with,

and other conditions affecting, our customers; the availability and costs of key supplies or commodities such as diesel

fuel,

steel,

explosives

and

tires;

prices

of

fuels

which

compete

with

or

impact

coal

usage,

such

as

oil

and

natural

gas;

timing of reductions or increases in customer coal inventories; long-term coal supply arrangements; risks in coal mining;

unexpected maintenance and equipment failure; environmental, safety and other laws and regulations, including those

directly

affecting

our

coal

mining

and

production,

and

those

affecting

our

customers’

coal

usage;

competition;

railroad,

barge, trucking and other transportation availability, performance and costs; employee benefits costs and labor relations

issues; replacement of our reserves; our assumptions concerning economically recoverable coal reserve estimates;

availability and costs of credit, surety bonds and letters of credit; title defects or loss of leasehold interests in our

properties which could result in unanticipated costs or inability to mine these properties; future legislation and changes in

regulations or governmental policies or changes in interpretations thereof, including with respect to safety enhancements;

the impairment of the value of our goodwill; the ongoing investigations into the Sago mine explosion; and our liquidity,

results of operations and financial condition; the adequacy and sufficiency of our internal controls and legal and

administrative proceedings, settlements, investigations and claim.

You

should

keep

in

mind

that

any

forward-looking

statement

made

by

us

in

this

presentation

speaks

only

as

of

the

date

on

which

we

make

it.

New

risks

and

uncertainties

arise

from

time

to

time,

and

it

is

impossible

for

us

to

predict

these

events

or

how

they

may

affect

us.

We

have

no

duty

to,

and

do

not

intend

to,

update

or

revise

the

forward-looking

statements in this presentation except as may be required by law. In light of these risks and uncertainties, you should

keep in mind that any forward-looking statement made in this presentation might not occur.

2

Ben Hatfield

President and Chief Executive Officer

Management Presenter

3

Prominent position in 3 of the 4 largest coal producing regions in the U.S.

Strong operating assets and large undeveloped reserve base provide

attractive internal expansion opportunities

Growing production levels and significant committed tonnage

Highly productive workforce that is 100% union free

Strong balance sheet with minimal long–term legacy liabilities

Investment grade customer base extends across diverse market regions

Experienced management team

Favorable coal industry fundamentals

Key Investment Considerations

4

Leading Appalachian coal producer formed in May 2004 by an investor group

led by Wilbur Ross

October 1, 2004 –

acquired 5 major mining complexes and substantial coal

reserves through the bankruptcy sale of Horizon assets

November 18, 2005 –

completed stock acquisition of Anker and CoalQuest

which added 5 mining complexes and boosted reserves by nearly 75%

November 21, 2005 –

began trading on NYSE under symbol ICO

December 12, 2005 –

completed $231 million equity offering

ICG Overview

Summary Statistics as of June 30, 2006

Revenue:

$435.5 mm

EBITDA:

$30.90 mm

Market capitalization¹

$902.5 mm

Senior Notes Offering:

$175mm @ 10¼%

Coal reserves²:

1.06 billion tons (proven and probable)

Coal production:

9.6 mm tons

Reserve life²:

Approximately 72 years

Notes:

1   Market capitalization is based on 152.7 million shares outstanding and a stock price of $5.91 as of September 7, 2006

2   ICG reserve data as of 3/31/2006

5

11 active mining complexes—6 in Central Appalachia, 4 in Northern

Appalachia and 1 in Illinois Basin

6 new mining complexes planned for future development

Flagship development will be the Tygart projects in Northern WV

–

200 million ton reserve developed with 2 major deep mine complexes

–

Favorable coal quality is marketable as low sulfur steam or hi-vol met

KY

VA

WV

ICG Eastern

ICG East

Kentucky

ICG Hazard

ICG Knott County

Current and Future Operations

Vindex Energy

Patriot Mining

Buckhannon / Spruce

Philippi

Development

Tygart #1

Big Creek

Beckley

Juliana

MD

ICG Illinois

IL

Future Operations

Current Operations

Jennie Creek

Denmark

Property

Flint Ridge Complex

Other Strategic Properties

Paw Paw Creek Property

OH

Raven Complex

Tygart #2

Current and Future Operations

6

1.06 billion tons of coal reserves controlled -

primarily high Btu, low

sulfur steam and metallurgical quality coal

-

564 million tons in Appalachian Region

-

496 million tons in Illinois Basin

All mine developments currently planned are in the Appalachian Region

IL developments are expected to be facilitated by increased deployment

of utility scrubbers and growing demand for coal conversion projects

Appalachian Reserve Profile

Total Reserve Profile

Owned vs. Leased

Heat Content (Btu)

Sulfur Content (%)

564 million tons

Total Reserve Profile

Met. vs. Steam

1.06 billion tons

High Caliber Reserve Base

18%

82%

> 12,500

< 12,500

88%

12%

< 1.5%

> 1.5%

72%

28%

Owned

Leased

70%

30%

Steam

Metallurgical

Note:

1   ICG reserve data as of 3/31/2006

1

7

Total Reserves—

% Owned vs. Leased

Years of Production Based on

Total Reserves

Source:  Company Reports

Notes:

1    Reserve data for peers as of 12/31/05; ICG reserve data as of 3/31/06 (Years based on total reserves divided by 2005 production.)

2    Arch reserve data is as of 12/31/05 as reported by Arch management and is not pro forma for the Magnum Coal transaction

Strong Reserve Position

1

1

72

56

45

42

17

13

7

3

0

10

20

30

40

50

60

70

80

72

65

52

46

29

26

24

19

0

10

20

30

40

50

60

70

80

8

Other expansion opportunities available:

—

Denmark Property –

150 million tons in Southern Illinois

—

Paw Paw Creek Property –

100 million tons in Southeastern Ohio

Projected Production

Production Outlook Summary

New Mine Developments

Note:

1    2005 pro forma for acquisition of Anker / CoalQuest

Projects Now Under Construction

Raven Complex –

Startup Q3 2006

–

1.2 mm tons/yr

Beckley Complex –

Startup mid 2007

–

1.4 mm tons/yr

Other Future Mine Development Projects

Tygart #1 Complex -

Planned Startup Mid 2008

Jennie Creek

Juliana Complex

Big Creek Complex

Tygart #2 Complex

Currently in Evaluation

& Planning Stages

14.9

17.0

17-19

8

10

12

14

16

18

20

22

24

26

2005

2006

2007

1

9

Typically 50% contracted by

middle of previous year with

another 35% contracted by end

of the previous year

Some committed tons are

subject to price reopeners

Committed Tonnage

Strong committed sales levels provide stable and predictable revenue

stream

Significant Committed Tonnage

67%

Committed

Projected Sales

20 mm tons

18-20 mm tons

Note:  As of September 11, 2006

98

55

12

33

2

0

25

50

75

100

2006

2007

Uncommitted

Committed and Not Priced

Committed and Priced

10

Strong Customer Base

Primarily investment grade utilities in the South-Southeast regions

ICG’s 3 largest customers are serviced by Central Appalachian operations

Georgia Power

Duke Energy

Carolina Power & Light

Northern Appalachian operations focus on Ohio Valley and Northeast utility

sector

Larger customers include AEP, PP&L, and Allegheny

IL complex has long-term contract with (Springfield) City Water Light &

Power, and also services broad truck-delivery industrial market

Efforts to expand metallurgical customer base now underway

Expect to resume Vindex met shipments to export traders in September

Active negotiations

w/domestic

buyers

on

Beckley

low

vol

met

11

100

100

97

92

87

61

60

56

3

8

13

39

40

44

0

20

40

60

80

100

ICG

James

River

Massey

Alpha

Arch

Peabody

Foundation

Consol

Non-Union

Union

Largest completely non-union coal company in the U.S.

Most peers are vulnerable to workplace disruption during 2006 United

Mine Workers of America (UMWA) contract renewals

Workforce Composition

Highly Productive, Non-Union Workforce

12

Reclamation

71%

Rockefeller

5%

Workers

Comp

2%

FAS 106

8%

Black lung

14%

Source: Company Reports as of 12/31/05

Total Legacy Liabilities

Notes:

1

Legacy liabilities include Post Retirement Benefits, Black Lung liabilities,

Reclamation liabilities, Workers Compensation and Coal Act Liabilities

2         As of 12/31/05 as reported by Arch management and is pro forma for

Magnum Coal transaction

Low Legacy Liabilities

ICG Legacy Liabilities

Total:  $119mm

2

($ in millions)

1

3,553

2,298

772

409

320

120

119

110

Consol

Peabody

Foundation

Massey

Arch

James

River

ICG

Alpha

13

Experienced Management Team

The members of ICG’s senior management team have, on average, 25

years of industry work experience

Position

Years in

Industry

Prior

Employer

Ben Hatfield

President and CEO

27

Arch

Scott Perkins

Senior Vice President,

KY and Illinois Operations

27

Horizon

Sam Kitts

Senior Vice President,

WV

and MD Operations

19

Alpha Natural

Resources

Roger Nicholson

Senior Vice President,

General Counsel & Secretary

20

Jackson Kelly

Michael Hardesty

Senior Vice President,

Sales & Marketing

23

Arch

Gene Kitts

Senior Vice President,

Mining Services

29

Arch

William Campbell

Vice President &

Treasurer

31

Horizon

Charles Snavely

Vice President,

Planning and Acquisitions

28

James River

14

Experienced Management Team

Brad Harris named CFO on September 6, 2006

CPA with 25 years of corporate and public accounting experience

15 years with Ernst & Young

Background in manufacturing and real estate sectors

Brings outstanding technical skills and financial expertise

15

350

375

400

425

450

475

500

1990

1995

2000

2005

2010

2015

2020

Demand Grows…

…Eastern Production Falls

U.S. Annual Coal Consumption by Sector

Appalachia Annual Production

Sources: EIA; Energy Ventures Analysis

…as Eastern utility stockpiles remain at the low end of historic ranges

Favorable Steam Coal Market Fundamentals

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

1970

1979

1988

1998

2007

2016

2025

Electricity

Other

Total

16

600

800

1,000

1,200

1,400

1,600

Global Crude Steel Production

Sources: World Steel Dynamics

Projected increase in global steel capacity in China, Brazil and

India

will support export demand for metallurgical coal

Favorable Outlook for Met Coal

17

Update on Sago Mine Accident

Mine explosion on January 2, 2006 resulted in 12 fatalities and critical injuries to

a 13   employee

ICG announced its initial findings from its independent investigation on March

15, but verification and further testing are ongoing.  Preliminary conclusions:

–

Explosion was likely triggered by lightning strike conducted into a sealed area

through mine infrastructure or roof strata

–

Explosive pressure significantly exceeded 20 psi

design criteria for mine seals

Preliminary findings

announced

jointly

by

MSHA

&

WV

OMHST

on

May

4

generally concur with most ICG findings; final reports not yet issued

-

WV OMHST Director has confirmed that NIOSH-MSHA seal tests indicate an

explosive force well above the design criteria

Estimated impact of accident to 2006 EBITDA is $15.2 million, of

which $11.7

million was incurred in the first quarter

ICG maintains substantial insurance policies to provide protection against

potential employer-negligence (or “Mandolidis”) liability

th

18

Maintain a conservative capital structure and flexible balance sheet to

support multiple internal growth initiatives

Pursue measured growth initiatives through the development of

owned and controlled reserves

Maintain financial flexibility for the possible acquisition of reserves

and/or operations

Financial and Investment Strategy

19

Historical Financial Summary

Notes:

1

Excludes freight and handling revenue

2

EBITDA is a non-GAAP measure. A reconciliation to net income is provided in the Appendix to this presentation

3

Includes capex and accounts payable (not included in GAAP reports)

Twelve months

ended

December 31,

Six

months ended

June 30,

LTM period

ended June 30,

($ in millions)

2005

2005

2006

2006

Tons sold

14.8

7.0

9.6

17.4

Revenue

$647.7

307.3

435.5

$775.9

% growth

27.0%

–

41.7%

19.8%

Average coal revenue / ton sold

$41.95

$41.23

$43.44

$43.07

EBITDA

$106.1

$56.1

$30.9

$80.9

% margin

16.4%

18.3%

7.1%

10.4%

Net income (loss)

$31.8

$19.9

($6.8)

$5.1

Capex

116.0

43.2

108.7

181.5

Cash

$9.2

$12.7

$65.8

$65.8

Total debt

49.6

175.5

197.7

197.7

1

2

3

20

Revised Financial Guidance for 2006

Lowered outlook due to idling Sycamore 2 mining complex and poor

cost performance at specific mining operations.

Sycamore 2 mine permanently downsized; net production drop of

1.5 million tons annually

Eliminating 1.7 million annual tons of high cost production at other

North/Central App operations

Currently projected 2006 coal production of approximately 17 MM tons,

with sales of approximately 20 MM tons, versus previous guidance

of 18

MM tons produced and approximately 22 MM tons sold.

Currently projected 2006 total revenues of approximately $0.9 billion

versus approximately $1.0 billion previously projected.

Projected Q3 EBITDA in the range of $8 MM-$10 MM. Projected Q4

EBITDA in the range of $25 MM-$30 MM.  Projected 2006 EBITDA now

in the range of $65 MM-$70 MM, down from $130 MM-$150 MM range.

Projected 2006 earnings now net loss of  $10 MM-$15 MM, or ($0.07)-

($0.10) per fully diluted share, versus earlier guidance of net earnings

of $23 MM-$33 MM, or $0.15-$0.21 per fully diluted share.

21

Total Revenue

Total EBITDA

1, 2

Financial Performance Summary

Notes:

1  EBITDA is a non-GAAP measure. A reconciliation to net income is provided in the Appendix to this presentation

2  2005 performance includes only the portion of Anker

and CoalQuest

activity post the November 18, 2005 merger date

Total Coal Revenue

0

200

400

600

800

1,000

1,200

2004

2005

2006

477

619

850

0

200

400

600

800

1,000

1,200

2004

2005

2006

510

648

900

40

60

80

100

120

140

160

2004

2005

2006

52

106

65-70

2

2

22

1

All industry players have experienced

higher costs:

–

Diesel fuel and energy

–

Steel and roof bolts

–

Tires

–

ANFO and other explosives

–

Labor and healthcare costs

In addition, other factors such as

thinning coal seams in the

Appalachian region have made

expansion and growth more

challenging

ICG believes that its reserve base

will support low-cost production

growth relative to peers and that its

balanced production profile will

support financial stability

Sector Cost Increases

Estimated Price Increase

2005 over 2004 (%)

Diesel Fuel (per gallon)

~28%

Tires (per tire)

~22%–63%

ANFO (per ton)

~25%

Labor Costs

~8%

Cost increases experienced by peers

1

Calculation includes only ICG operations in Q4 2004

21.8%

18.5%

16.2%

15.4%

13.7%

13.2%

12.5%

10.7%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

Arch CAPP

Region

James River

CAPP

Region

Massey

Consol

Alpha

Company

Mines

ICG

Alpha

Contract

Mines

Foundation

23

60%

60%

40%

40%

0

100

200

300

2002

2003

2004

2005

2006E

Predecessors

Capital Expenditures ($mm)

In 2005-2006, majority of capital dedicated to upgrading aged equipment

fleet. Development projects included Flint Ridge and Raven.

In 2007-2009, $855 million in planned capex

expected to be scaled back to

focus growth capital on projects that offer greatest return

–

Priority development projects Sentinel-Clarion, Beckley and Tygart #1

Total

29

23

39

116

Capital Expenditures

214

Maintenance

Growth

24

71.2

65.2

57.4

57.0

45.4

39.2

30.2

23.0

74.3

80.6

70.8

64.5

52.4

63.0

79.6

32.7

0

25

50

75

100

Alpha

Foundation

James River

Massey

Arch

Peabody

Consol

ICG 6/30/06

Debt / Capitalization

Legacy-Adjusted Debt / Capitalization

Total Debt / Capitalization Comparison

ICG maintains the lowest debt / capitalization ratio in the sector

Note:

1    Legacy liability adjustments include post retirement benefits, black lung liabilities, reclamation liabilities, workers compensation and Coal Act liabilities

1

25

Prominent position in 3 of the 4 largest coal producing regions in the U.S.

Strong operating assets and large undeveloped reserve base provide

attractive internal expansion opportunities

Growing production levels and significant committed tonnage

Highly productive workforce that is 100% union free

Strong balance sheet with minimal long–term legacy liabilities

Investment grade customer base extends across diverse market regions

Experienced management team

Favorable coal industry fundamentals

Key Investment Considerations

26

Questions & Answers

27

Appendix

EBITDA represents income from continuing operations before deducting net interest expense, income taxes, depreciation, depletion, amortization,

and minority interest.  We present EBITDA because we consider it

an important supplemental measures of our performance and believe it is

frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry, substantially all of which

present EBITDA when reporting their results.

We also use EBITDA for the following purposes: Our executive compensation plan bases incentive compensation payments on our EBITDA

performance measured against budgets and a peer group.  Our amended and restated credit facility uses EBITDA (with additional adjustments) to

measure our compliance with covenants, such as interest coverage

and debt incurrence.  EBITDA is also widely used by us and others in our

industry to evaluate and price potential acquisition candidates.

EBITDA has limitations as an analytical tool, and you should not

consider it in isolation, or as a substitute for analysis of our results as reported under

GAAP.  Some of these limitations are:

EBITDA does not reflect our cash expenditures, or future requirements, for capital expenditures or contractual commitments;

EBITDA does not reflect changes in, or cash requirements for, our working capital needs;

EBITDA does not reflect the significant interest expense, or the

cash requirements necessary to service interest or principal payments, on

our debts;

Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced

in the future, and EBITDA does not reflect any cash requirements

for such replacements; and

Other companies in our industry may calculate EBITDA differently

than we do, limiting its usefulness as comparative measures.

EBITDA is a measure of our performance that is not required by, or presented in accordance with, GAAP and we also believe it is a useful indicator

of our ability to meet debt service and capital expenditure requirements.  EBITDA is not a measurement of our financial performance under GAAP

and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with

GAAP or as an alternative to cash flow from operating activities

as a measure of our liquidity.

The following table reconciles net income, which we believe to be the closest GAAP performance measure, to EBITDA.

Year ended

December 31,

2005

Six months 

ended June 30,

2005

Six months

ended June 30,

2006

Net income (loss)

31,825

19,949

(6,790)

Interest expense, net

(14,394)

18,307

33,692

Income tax expense

16,676

6,610

(6,383)

Depreciation, depletion and amortization expense

43,195

11,220

87

EBITDA

106,075

56,086

30,863